Amid the Coronavirus (COVID-19) pandemic, Sri Lanka's economy contracted by 3.6 percent in 2020, the worst growth performance on record, as is the case in many countries fighting the pandemic. Swift measures enacted by the government in the second quarter helped contain the first wave of...

Tanzania was again one of the top growth performers in the region. Official GDP figures show that growth remained steady in the first half of the year, driven by higher public investment and by a recovery in exports. Inflation has been low and stable, and the balance of payments is quite sound...

Macroeconomic management in Chad, Mali and Niger needs to account for a number of specific parameters. Very rapid population growth exerts immense pressure on the demand for education and health services. Economic activity and prices are strongly influenced by climatic variations, and exports...

Global growth is broadly stable but downside risks from rising trade tensions are increasing.A weakening recovery in trade and manufacturing activities is weighing down global growth. Global goods trade has decelerated more rapidly than expected. U.S. tariff s and the retaliatoryresponses of its...

Ethiopia's real gross domestic product (GDP) growth, while still strong, decelerated to 7.7 percent in FY2018. A slowdown in industrial growth, mainly driven by lower growth in construction due to foreign exchange shortages and higher prices of imported construction materials, coupled with...

The Kenyan economy rebounded in 2018 and economic activity in the first quarter of 2019 was healthy, although emerging drought conditions could curtail GDP growth for the remainder of the year. The economy expanded by 6.0 percent in the first three quarters of 2018 compared to 4.7 percent during...

Ghana's real gross domestic product (GDP) expanded in 2018, albeit at a slower rate than in 2017; the expansion was spurred by the mineral component of the industry sector. The government sustained its fiscal consolidation efforts in 2018 despite challenges. The current account deficit narrowed...

Tanzania was again one of the top growth performers in the region. Official GDP figures show that growth remained steady in the first half of the year, driven by higher public investment and by a recovery in exports. Inflation has been low and stable, and the balance of payments is quite sound...

Following the release of new GDP estimates, nominal GDP for FY18/19 increased and the structure of the economy has changed. In October 2019, the Uganda Bureau of Statistics (UBOS) released new GDP estimates, updating the base year for estimating economic activity to 2016/17 from 2009/10. As a...

After contracting for four consecutive years since FY2014/15, the economy is estimated to have recovered with a growth rate of 3.2 percent in FY 2018/19. These developments reflect activity in the oil sector, which rebounded strongly, and dividends from the peace agreement, which led to a...